318, Lot: 64. Estimate $300. Sold for $360. This amount does not include the buyer’s fee.

KINGS of THRACE, Celtic. Kavaros. Circa 230/25-218 BC. AR Tetradrachm (28mm, 16.75 g, 12h). In the name and types of Alexander III of Macedon. Kabyle mint. Head of Herakles right, wearing lion skin / Zeus Aëtophoros seated left; in left field, Artemis Phosphoros standing facing. Draganov874-83 var. (O5/R – [unlisted rev. die]); Price 882; Peykov F2010. Good VF, lightly toned, large scrape across reverse.

From the Demetrios Armounta Collection.

According to Draganov’s die study, this issue in the name of Alexander was struck after the Alexander–type coins in the name of Kavaros. The obverse die used on this coin was used for both tetradrachm issues in Alexander’s name and in Kavaros’.